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Hub welcomes World Bank financing for Trade and Transport facilitation in East Africa

JANUARY 2006
Related Press Release
World Bank Provides US$199m in Credits and Grants and two Partial Risk Guarantees of US$60 million for Trade and Transport Facilitation in East Africa
Washington | 24 January 2006

The Hub's ongoing work on the establishment of a one-stop border post at Malaba gave rise to World Bank (and African Development Bank) funding to create the physical infrastructure for the Malaba Border post crossing, and other border posts in the region. The Hub is currently funding the refurbishment of the Malaba railway station building as premises to be shared by both the Uganda and Kenya Revenue Authorities.

The Uganda and Kenya Revenue Authorities have already begun working side by side in the Uganda Customs building, carrying out inspection of vehicles transporting goods from the region's interior i.e. Kampala, Kigali, Bujumbura and Eastern DRC., to the port of Mombasa. As a result, the clearing of trucks by customs is now taking between twenty minutes to three hours, a marked improvement from the previous three to five days.

The Hub has worked with the World Bank as a strategic (funding) partner on the project, including an infrastructure survey of 18 major crossing points between EAC member countries whose ultimate goal is to create a more efficient economic zone through a significant reduction in transaction costs, in a region that has among the highest transport costs in the world.

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